<ARTICLE>    5
<LEGEND>
This schedule contains summary financial information extracted from the
unaudited financial statements contained in the Company's Form 10-QSB and is
qualified in its entirety by reference to such financial statements.
</LEGEND>

                                  
<PERIOD-TYPE>                        3-MOS
<FISCAL-YEAR-END>                    DEC-31-2000
<PERIOD-END>                         MAR-31-2000
<CASH>                               16098643
<SECURITIES>                         1757246
<RECEIVABLES>                        69103
<ALLOWANCES>                         0
<INVENTORY>                          0
<CURRENT-ASSETS>                     17924992
<PP&E>                               908616
<DEPRECIATION>                       0
<TOTAL-ASSETS>                       23082823
<CURRENT-LIABILITIES>                664849
<BONDS>                              0
<COMMON>                             524157
<PREFERRED-MANDATORY>                0
<PREFERRED>                          0
<OTHER-SE>                           20265116
<TOTAL-LIABILITY-AND-EQUITY>         23082823
<SALES>                              0
<TOTAL-REVENUES>                     722110
<CGS>                                0
<TOTAL-COSTS>                        448175
<OTHER-EXPENSES>                     0
<LOSS-PROVISION>                     0
<INTEREST-EXPENSE>                   0
<INCOME-PRETAX>                      276817
<INCOME-TAX>                         95000
<INCOME-CONTINUING>                  181817
<DISCONTINUED>                       0
<EXTRAORDINARY>                      0
<CHANGES>                            0
<NET-INCOME>                         181817
<EPS-BASIC>                        0
<EPS-DILUTED>                        0